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    Property profile & analytics

    2331 Main St West Norriton, PA 19403-3018

    • Retail properties
    • 1,980 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimation
    $860,000
    Last Sale
    Jun 11, 2021
    $700,000
    Location Intelligence
    Property ID
    US73-5909197
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Farrand's Automotive / Car Inspection Station
    • Good Value Cars Inc / Used Car Dealer

    Property Details for 2331 Main St

    Year built
    1972
    Lot size
    0.78 lot acres
    Property size
    1,980 SF
    Zone code
    C
    Property type
    Retail properties
    APN
    63-00-06922-00-8
    APU
    630006922008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $905,000

    • CAP approach

      CAP return
      Estimation
      6%
      $705,000
      6.5%
      $750,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $770,000
      Geo Method
      $800,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $670,000
      Retail
      $785,000
      Mixed-Use
      $625,000
      Hospitality
      $780,000
      Educational
      $740,000
      Residential Income
      $820,000
      Energy
      $755,000
      Income-Based Land
      $865,000
      Food Service
      $680,000

    Location Insight

    • Map
    • Local Demand
    City
    West Norriton
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3844
    Latitude
    40.1384
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,986
    $228,860
    $77,850
    $306,710
    -
    $228,860
    $77,850
    $306,710

    Comparable in this City

    • Value Estimation by Request
      17,523 SF

      400 Park Ave

      NURSERY, GREENHOUSE, FLORIST • 17,523 SF
      400 Park Ave, Norristown, PA 19403-1345
      View Details
    • Value Estimation
      $285,000
      2,337 SF

      2001 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,337 SF
      2001 Main St, West Norriton, PA 19403-3003
      View Details
    • Value Estimation
      $450,000
      8,002 SF

      1018 Germantown Pike

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,002 SF
      1018 Germantown Pike, East Norriton, PA 19403-3906
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    • Value Estimation by Request
      1,200 SF

      2715 Audubon Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,200 SF
      2715 Audubon Rd, Audubon, PA 19403
      View Details
    • Value Estimation
      $510,000
      7,000 SF

      2647 Rdg Pike

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,000 SF
      2647 Rdg Pike, Eagleville, PA 19403-1609
      View Details
    • Value Estimation
      $1,140,000
      5,760 SF

      3307 Rdg Pike

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,760 SF
      3307 Rdg Pike, Eagleville, PA 19403-1411
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Retail development opportunity in high-density market.
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      View Details
    • New
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      Norristown Commercial Revitalization District Property

      Commercial property in Norristown's Revitalization District with high traffic.
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      Residential Lot in Established Neighborhood

      5,625 SF lot for new home construction.
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      Prime Norristown location, high visibility, ample parking.
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      Prime Montgomery County Farm

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    Similar Nearby for Lease

    • Contact for pricing
      950 SF

      Norristown Restaurant with Drive-Thru

      Freestanding 950 SF restaurant with drive-thru in Norristown, PA.
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      Ridge Pike Plaza Retail Space

      Eagleville, PA Retail Center - Lease Opportunity
      3200 Ridge Pike, Eagleville, PA 19403
      View Details
    • $25 SF/Yr
      1,200 SF

      Renovated Retail Space on Main

      Newly renovated retail space with parking and pylon signage.
      2448 W Main St, Norristown, PA 19403
      View Details
    • Contact for pricing
      5,100 SF

      Freestanding Retail Building on Eagle Road

      5,100 SF retail building with high visibility and parking.
      2609 Egypt Rd, Norristown, PA 19403
      View Details
    • Contact for pricing
      3,400 SF

      Retail Space with Ample Parking

      Retail space in a densely populated area with great visibility.
      2101-2115 W Main St, Norristown, PA 19403
      View Details
    • $20 SF/Yr
      1,500 SF

      Retail Space on Ridge Pike

      Retail space with high visibility and excellent accessibility.
      3140 Ridge Pike, Norristown, PA 19403
      View Details
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    2331 Main St
    West Norriton, PA 19403-3018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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